MUMBAI, India, May 29 -- Intellectual Property India has published a patent application (202621041572 A) filed by Ganesh Prakash Bhagewar; and Chandrakant Rameshwar Mankar, Akola, Maharashtra, on April 1, for 'iot-integrated system for green credit generation, unique identification, and verification based on renewable energy monitoring.'
Inventor(s) include Chandrakant Rameshwar Mankar; and Ganesh Prakash Bhagewar.
The application for the patent was published on May 29, under issue no. 22/2026.
According to the abstract released by the Intellectual Property India: "The present invention relates to an Internet of Things (IoT) enabled integrated system and method for generating, verifying, managing, and monetizing digital green carbon credits derived from renewable energy generation and environmental carbon sequestration activities. More particularly, the invention provides a smart technological framework that converts measurable environmental impact into authenticated digital carbon assets through automated monitoring, data validation, and credit issuance mechanisms. The system utilizes renewable energy sources, preferably solar photovoltaic power generation systems, combined with distributed IoT sensing devices configured to capture real-time operational and environmental parameters including energy generation, air quality, temperature, humidity, and ecological indicators. The sensed data is processed through an embedded microcontroller and transmitted to a cloud-based data infrastructure for storage, analytics, and validation. A carbon reduction calculation engine applies standardized emission conversion factors to determine avoided carbon dioxide emissions resulting from renewable energy production and environmental activities such as tree-based carbon sequestration. Based on verified emission reduction values, the system automatically generates digital green carbon credits, wherein each credit corresponds to a predefined quantity of reduced or removed greenhouse gas emissions. Each generated credit is assigned a unique digital identifier produced through a secure algorithm incorporating parameters such as timestamp, device identification, geographic reference, and validated energy data, thereby ensuring traceability, authenticity, and prevention of duplication or fraud. The unique identification mechanism enables independent verification of credit origin and environmental impact through a digital validation interface. The invention further includes a cloud-connected platform providing dashboards, analytics visualization, and a marketplace interface through which generated credits can be verified, transferred, traded, or monetized by organizations seeking certified carbon offsets. The system introduces a decentralized participation model allowing small renewable energy producers, farmers, rural communities, institutions, and micro-energy projects to participate in carbon markets traditionally accessible only to large industrial entities. By integrating IoT monitoring, automated Measurement-Reporting-Verification (MRV), digital credit tokenization, and transparent validation processes, the proposed system enhances trust, scalability, and accessibility within carbon credit ecosystems. The invention addresses existing challenges of unverifiable carbon claims, manual auditing limitations, and lack of grassroots inclusion by providing a real-time, technology-driven environmental accounting infrastructure. The proposed Smart Green Grid Carbon Credit System enables transformation of sustainability efforts into measurable economic value, supporting climate mitigation goals, ESG compliance requirements, and development of an inclusive digital green economy."
Disclaimer: Curated by HT Syndication.
